Company Health and Wellness Program ROI
Company Health and Wellness Program ROI: Fact or Fiction?
Employee Wellness Plans … do they offer a strong return on investment? This is a question that we are sure goes through ever company’s mind. HR Magazine addresses the Company Health and Wellness Program ROI topic in their June 2008 issue.
Company Health and Wellness Program ROI: The Bottom Line
According to the article, titled “Finding Wellness’ Return on Investment,” determining Company Health and Wellness Program ROI is not an easy thing to do for companies because it involves a lot of different variables and time.
However, the organizations that have taken the time to determine the Company Health and Wellness Program ROI of their Employee Wellness Plans have found that it is quite significant. Not to mention, the Wellness program’s effect on the improvement of staff member health and the slowing of the rate of their staff member medical care costs.
Company Health and Wellness Program ROI Alliance
Company Health and Wellness Program ROI is such an important aspect of today’s company culture, that several large organizations have come together to form the Alliance for Wellness ROI, Inc. According to the HR Magazine article, The Alliance for Wellness ROI was specifically created to address the lack of consistency in proving the value of Employee Wellness Programs.
The alliance, formed by Henry Ford Health Systems, BMW of North America, Kraft Foods Global, Schlumberger Limited and MasterCare Worldwide, strongly believes in showing the value of Employee Wellness Plans and want to develop a standard for how Employee Wellness Plans are measured.
Employee Wellness Plans Components
According the alliance, the following components should make up an company-provided staff member Employee Wellness Program:
Employee assistance Programs
Disease Management Program
Fitness and physical activity Programs
Health Risk Assessments
Workplace medical care Programs
Individual wellness profiles
Preventive Health Screening and Biometric Testings and immunizations
Tobacco-cessation Programs
Telephone based Employee Wellness Plans
Weight Management / Loss Programs
Self-Care Programs.